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NikAS [45]
3 years ago
10

Chipper Corporation realized $1,000,000 apportionable taxable income from the sales of its products in States X and Z. Both stat

es use the same measure of pre-apportionment taxable income. Chipper’s activities establish nexus for income tax purposes only in Z, the state of its incorporation. Chipper’s sales, payroll, and property among the states include the following.
State X State Z Totals
Sales $1,000,000 $2,000,000 $3,000,000
Property 0 2,300,000 2,300,000
Payroll 0 1,900,000 1,900,000
Required:
1. X utilizes a sales-only factor in its three-factor apportionment formula. How much of Chipper’s apportionable income is taxed by X?
a. $0
b. $333,333
c. $500,000
d. $1,000,000
e. $111,111
Business
1 answer:
SIZIF [17.4K]3 years ago
6 0

Answer:

a. $0

Explanation:

The business would not be subject to taxation in a state until nexus is established; thus the Chipper’s Apportionable income <u><em>(which means income of any class or type or any activity, that fulfils the connection or criteria described either in the "functional test" or "transactional test,”.)</em></u>  that is taxed by X equals $0

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Betty Bronson has just retired after 25 years with the electric company. Her total pension funds have an accumulated value of $3
ioda

Answer:

$34,263.69

Explanation:

This is a time value of money(TVM) question. Since the $300,000 is at the start of the retirement. That would be the present value of the annuity payments. So, using a financial calculator, input the following;

Present value; PV = -300,000

Total duration; N = 18

Interest rate; I/Y = 9%

Onetime future value ; FV = 0

then compute recurring payment ; CPT PMT = 34,263.687

Therefore, her yearly annuity for the next 18 years will be $34,263.69

5 0
3 years ago
Automobile dealerships have invested significant time, effort, and money in their websites. Dealerships commonly measure website
zheka24 [161]

Answer: Stickiness

Explanation:

  The stickiness is one of the type of concept that is used in the process of measuring the review of customers regrading the brands and the products in the market including the various types of attributes.

According to the given question, the automobile dealerships is commonly measuring the actual performance of the websites by tracking the visitor traffic, visits and also the stickiness.

The stickiness concept is also used to measure active users and also the actual amount of time per month that the users or visitors spend on the websites.  

 Therefore, Stickiness is the correct answer.

3 0
4 years ago
Dillard’s, Inc., operates department stores located primarily in the Southwest, Southeast, and Midwest. In its 2016 third-quarte
SashulF [63]

Answer:

Purchases= 1,280 million

Explanation:

Giving the following information:

the company reported Cost of Goods Sold of $880 million, ending inventory for the third quarter of $1,900 million, and ending inventory for the previous quarter of $1,500 million.

Purchases= cost of goods sold - Beginning inventory + ending inventory

Purchases= 880 - 1500 + 1900= 1,280 million

5 0
3 years ago
Jerilyn is a 30% partner in the APJ Partnership when she sells her entire interest to Melly for $92,000 cash. At the time of the
k0ka [10]

Answer:

Jerilyn will have a gain of $17,000 from sale of her interest

Explanation:

Jerilyn will recognize a gain on the sale of her interest and the gain amount would be $17,000 which is computed from the difference among her basis in APJ of $75,000 and sells her interest for $92,000 ($92,000 - $75,000).

She recognizes the gain as she receives the only cash for selling her interest and the amount is more than her basis in her partnership interest and also APJ has no hot assets, therefore, the gain will be recognized as capital.

4 0
3 years ago
Pitch, volume, rate, quality, articulation and other attributes are known as ____
blondinia [14]
Pitch, volume, rate, quality articulation and other attributes are known as vocal cues. 

Vocal cues relate to business in a lot of ways because you can 'read' a person or get a better understanding of the topic through body language and how someone speaks. Depending on what you are discussing the vocal cues will very. If an employee is in trouble, a manager may have strong voice tons compared to a promotion. 
7 0
3 years ago
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